The Federal Reserve should delay raising interest rates until the first half of 2016, the International Monetary Fund (IMF) said as it cut its U.S. growth forecast for the second time this year.
The lender also said that the dollar was "moderately overvalued" and that a further marked appreciation would be "harmful," in a statement released in Washington on Thursday on its annual checkup of the U.S. economy.
"We still believe that the underpinnings for continued expansion are in place," IMF Managing Director Christine Lagarde said at a press briefing in Washington. "The inflation rate is not progressing at a rate that would warrant, without risk, a rate hike in the next few months."
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